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RE: MAP Rewarder Free Upvote & Crypto News of the Day (Steem: FreeWriteHouse Bonus SBIs & Flag Poll) - 2 May 2019
I think your assumptions about flagging and the reward pool are incorrect.
Flags cause the rewards to be redistributed, that's it.
Hi, you can think of it as "redistribution" but there is no such function. The process, as I described briefly, is what happens when using a flag/downvote. That's why the Steemitblog mentions "regulating" the reward pool. This article, Understanding Flagging/Downvoting, from steemcleaners, describes the same process of the effect of downvotes.
Transactions take place every second, so have little effect on their own, but big changes in behaviour will lead to changes in the recent-claims and then the reward-pool. We have recently seen this with the curation rewards "lost" during the 15 minute reverse auction - again, I think the way we think of it, and the language used, that such pending rewards go back into the reward pool is not what actually happens within the code; in this case such rshares are just never converted from the recent-claims into rewards, hence the pool increases.
The reward pool rises and falls in line with financial transactions (votes) on the blockchain. In an economy that's buzzing at full speed, the reward yield per upvote will be close to the inflation rate at the time. But Steem is currently producing rewards at an APR of some 21% compared to its current inflation rate of about 8.5%. There is some concern that this is depressing the price (there are other reasons but this monetary cause is also part of the calculation) and increasing the reward pool further, at the moment, may exacerbate this.
Okay technically you are correct, but at the same time that also makes your own description incorrect.
Let's think this through. Downvoting a post uses up the downvoter's VP in the same way as an upvote, it reduces the potential post reward and gains zero curation rewards. The net effect is to take out a little less from the reward pool. As the pool is replenished at a constant rate, the total effect will be to raise the size of the pool. This is also the effect of curation rewards penalties during the first 15 minutes of a post.
The net effect (if it changes behavior, which is a big if) is that the new average behavior will be accounted for in the reward pool. Basically redistributing it. :)